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Of those who plan to give pay raises, 13% say they’ll increase average compensation by 10% or more, 58% plan an increase between 4% to 9%, and 26% plan for nominal change.
Pay budgets already jumped 4.2% this year, according to the WTW findings, with more than two-thirds of companies spending “more than they planned on pay adjustments in 2022.” Mid-year salary ...
That is lower than the 4.4% average increase they paid out in 2023, which marked a 20-year high for base pay raises. But it is a tick up from the 3.8% bump that companies were paying out this year ...
Yahoo Finance's Ethan Wolff-Mann joins the On the Move panel to discuss the latest in a survey that says most companies plan on giving employees raises and bonuses in 2021.
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The new pay proposal, negotiated last month by Mayor Karen Bass, would award seven cost-of-living increases between April 2024 and July 2028 to workers represented by the Coalition of L.A. City ...